9/29/2019

Happy DBS employees

This is a picture of the happy long service employees of DBS Bank. The best bank in the world, also honoured recently by Hsien Loong for looking after the livelihood of its employees, especially the seniors that have been affected by job disruptions. These people would not be worried about losing their jobs or livelihood in DBS to foreigners waiting to replace them.

These are the happy and younger employees of DBS Bank, in Changi Business Park, not Chennai Business Park as some like to call it. They are the future of DBS Bank. All having a great future in DBS Bank, the best employer in Singapore. Many are potential new citizens if not already citizens.

The people in the picture or the DBS employees don't look as if they are Singaporeans. They are more likely tribes from the same villages brought in by the DBS Indian CEO from India. Singapore is done for if Indianized Singapura continues the trend of bringing all the tribes from India to replace blue Singaporeans. There is definitely foul in the filthy air. Wake up Singaporeans.

Singaporeans are too mild and gentle. But one can never take things for granted. There is always calmness before the storm.

When Singaporean employees are retired or lost their jobs, they would be replaced by new Singaporeans who are citizens, not by foreigners. Singapore will be safe, not be taken over by foreigners, only by new citizens.

These are the happy and younger employees of DBS Bank, in Changi Business Park, not Chennai Business Park as some like to call it. RB

Correct me if I am wrong, but I think Changi Business Park is where the bank's IT functions (backend operations) are located.

And talking about IT, it seems that CECA foreign talent can provide almost all the IT talent needed not only in Singapore but also the world.

For example, Google CEO and Microsoft CEO all originate from CECA country.

So if there are not many Sinkies working in Changi Business Park, it means that Sinkies are not that talented in IT area lah, or don't want to work in this area. Which is also quite true, based on my own recruitment experience. So cannot always blame PAP policy lah.

I am really incensed by the picture. I can't see any Malay, Eurasian or Chinese employee in the photograph. DBS is a Singapore national bank founded by Singaporeans. It is built with Singaporean capital. The system and set up is all done by Singaporeans. The business connections both local and international are all built by Singaporeans. The bank is so well managed that for many decades it has been able to make humongous profits of billions of dollars and so much so that even if the CEO goes on one year long leave the bank can still function profitably as per normal. Why must an Indian from India be suddenly placed there as CEO to collect the fruits of DBS success and paid annually tens of millions in salaries, bonus and perks. What new lucrative business has he brought to the bank. If we need an Indian to manage the bank why can't Dhanabalan or Pillay be brought in to run the bank or any other just as qualified local blue Singaporean Indians. If Singapore is not careful soon all GLCs and listed companies in SGX will be taken over by strange faces from the South Asia country and Singapore will lose its Singaporean identity.

True blue Singaporeans whether Malays, Eurasians, Indians or Chinese please wake up and tell the government to stop placing CEOs from India in GLCs or listed companies as they tend to recruit their own tribes from their villages to replace Singaporeans.

Will they rename DBS to Bank of Little India soon? You guys better take out your money because I heard that in India, bank frauds are the new normal. You know why in the past they talk about Indian accounting or 'Kek Leng Kia Siow'. It is not a slogan of good intention.

Anyway, RB already warned us to take out all money from our Bank accounts pending a collapse. I already made sure I have minimum funds in my accounts long time ago, when the interest rate went down into the gutter.

By the way how many times have DBS resorted to retrenchments? I can assure you you will be surprised.

DBS is in business to stay in business and serve customers whilst delivering profits to the financial stakeholders. I used to criticise them mercilessly, even had a big fight with them back in 2001.

However, it is clearly obvious that they've raised the bar on themselves and today they really are a damn good bank. They've had to clear lots of hurdles and deal with their previous less than spectacular service. Add it stands, I'm quite happy with the service now.

Don't blame the govt or anything else except yourself. If you, your character, attitude and skills are not up to the mark required to COMPETE in an OPEN market, then fix yourself lah. Should you prefer to play "The Entitled Victim", then good luck to you! 😭

Safest place is in your tummy. You do not have to worry about bank collapsing or stock market meltdown. Another thing is when you are dead broke, I understand from some friends that the PAP gives you money, a few hundred at a time. And you can pretend to work a few hours each day and get workfare payments.

Anon 11.07

When you collapse, who do I have to look for the refund? Or as they say 'look for the devil to claim back your life?'. At least banks still have depositor's insurance and I can get back my minimum amount.

Russia is taking a leaf from China's socialist capitalism, as they call it now.

The fact that China's socialist system can power the development of its economy is a lesson for Cuba and Russia. It sends the message that progress is not all the prerogative of the democratic system of the West.

And that is why the West, particularly the US, is so fearful of China overtaking them and proving to the world that communism is not all bad. Lifting 800 million Chinese people out of poverty cannot be a bad system, even after all those years of brainwashing the rest of the world about the evils of communism.

Dictators care less about it's own citizens welfare, not to say trying to improve their lives with bullet trains, massive highways, bridges, airport, railway stations, affordable healthcare, education for all etc.

Many countries in Africa, South America and South Asia have taken notice of what China has gone through, so they are working closely with China in developing their countries infrastructure. Infrastructure is the key to economic development and these countries want them. The US, of course does not want those underdeveloped countries to progress and is obsessed with keeping them dumb and obedient to suit their agenda. They only want to exploit whatever they could extract and let those countries wallow in poverty.

@ in your dreams...or nightmare...depending on whether or not you’re a patriot…

The idea that “DBS will collapse” is just so improbable, you may as well say it’s impossible.

DBS is the pride and joy of the govt, and the cornerstone on why Singapore is such an ass-kicking financial sector. FACT,: in the last year the growth in FAMILY OFFICES setting up in Singapore has SPIKED. (a family office is like a private hedge fund...all very secret and very rich). e.g.: Sir James Dyson has moved his family office to Singapore.

Even if the worst should happen...that DBS is on the brink, the PAP (absolute power, you can get fucked if you don’t agree with them) will raid the CPF, the foreign reserves, liquidate part of our HUGE gold stockpile (come on you fuckers, Singapore is fucking rich!!) to re-capitalise or “bail out” their darling bank...and none of us will even know about it, or even if we did there is sweet fuck all we can do to avert this massive “corporate welfare”.

You’d better focus on yourself lah. After the next GE, the GST is going up. It will soon hit 10%, and go higher if more money is required for “nation building”.

The PAP are visionaries. Whatever they’ve revealed about Singapore’s future...you ain’t seen nothing yet. There are MANY MEGA PROJECTS in the works, and they are all expensive and require MONEY.

Guess who they’ll tap to pay for it all? (no prizes awarded for the correct guess) 😂🤣

If there are three or four corner fights engineered by the PAP, that means some opposition parties are in co-hoots with the PAP to spoil the broth. There cannot be two or three PAP candidates fighting for one seat right?

Hard to believe you Anon 12.59. Not impossible, but there is always the element of holy matrimony in politics. Like what is happening in Malaysia?

Such a very very tiny city state so many opposition parties. And worst also they cannot form government. If many elected run road you tell me how? So...many many many voters go for the OLD Brand PAP! NOT that they are great!

Since the GFC, DBS has been one of the best bank in the world. If it had been domiciled in a large developed country with a big client base like US, DBS will already be the top 3 largest bank in the world by assets.

A feature of ALL good companies is that they are serious about innovation & doing new things, pipeline of improvements and new projects coming onstream, AND being unafraid to retrench or fire unproductive or failing staff or depts / divisions (i.e. cut loss on staff & business that are not working).

Frankly CPF should put Sinkies' CPF money into DBS stock.

For the last 10 years, from Oct 2009 to Sep 2019, the total returns of DBS stock including dividends has been 142%

Benefit from what? When DBS took over POSB, depositor's started to be paid gutter rates.

The POSB acquisition gave DBS a huge advantage in the local banking sector. Almost everyone has an account or two with POSB and just the minimum sum kept there, plus most salaries credited monthly, would generate an enormous volume of funds to finance their fractional lending practice.

How not to grow bigger and bigger benefiting shareholders, but not ordinary small depositors?

///Can u give some examples of what DBS is serious about innovation & doing new things, pipeline of improvements and new projects coming onstream etc? And also how ordinary Sinkie customers had benefited from it?///

///Benefit from what? When DBS took over POSB, depositor's started to be paid gutter rates.///

If I have to tell you, it means you're too stupid to know. Spell out the benefits step-by-step you also don't know how to capitalise or make use of it.

///When DBS took over POSB, depositor's started to be paid gutter rates.///

You can't have your cake & eat it too. At least not if you continue to live like a stupid sinkie LOL!

SGD is the strongest currency in the world --- by right, the interest rate should be NEGATIVE already.

You want higher interest rates for not doing anything??? Go & get FDs in ringgit or yuan LOL!!1 year FD in ringgit can get 3.2%1 year FD in yuan can get 2%

But over the past 5 years,ringgit depreciated over -15% against SGD,yuan depreciated -12% against SGD. Hahahah!!!

FYI, I'm getting average 1.9% on SGD70K savings deposit in Citibank MaxiGain, and 1% on SGD50K savings deposit in CIMB Fastsaver. Not FD and you can withdraw or deposit anytime.

Those who are working can get even higher interest rates of over 2% in other banks like DBS, OCBC, StanChart, Maybank, Bank Of China --- you need to credit salary with them as one of the conditions. I'm self-declared retired so cannot enjoy.

FYI, each bank in Singapore is insured for SGD75K per person. If you're scared of banks here collapsing, don't put more than SGD75K in each bank. Remember -- POSB & DBS are considered same bank.

I have another $200K cash in S'pore Savings Bonds paying weighted interest of 1.9% to 2.1%. No lock-in and no penalty for early withdrawal. Unfortunately interest rates for new issues of SSB are going down due to US FED lowering rates.

Also another few hundred K of SGD in money market funds paying around 1.8% in annual "interests".

All these part of my War Chest. Still hoping for !!!BIG OCT CRASH!!! so that I can deploy SGD for cheap stocks!!!

Sure if you just want high high high interests without caring about underlying currency strength & exchange rate with SGD. If you want maximum interest, can just put into Venezuela Bolivar.

Just know that Vietnam Dong depreciated against SGD by -5.7% over last 5 years;and depreciated by a whopping -24% over last 10 years. If you play this game, you're just hoping that the interest rates will continue to be higher than depreciation.

Just like Sinkies in the 1980s playing with NZ$ and Oz$ .... they thought that higher interest rates can offset any exchange rate depreciation.

This is why I mentioned Ringgit and China Yuan as examples. Anybody can always get high high high interest rates --- but at the end of the day when converted back to SGD --- is it big gain or big loss?!?!

For Vietnam, I will want to own their ASSETS, not their currency. Problem now is lack of property rights (land & property) and corporate governance, liquidity, lack of market depth & breadth (stocks / companies).

Jeannette Chong-Aruldoss, another member of the SPP, described the Ministerial Committee as a “tragic joke”. “It is like the Boss of ...

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